Cognios Capital buys $9.9 Million stake in CA (CA)

CA (CA) : Cognios Capital scooped up 84,136 additional shares in CA during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 315,567 shares of CA which is valued at $9.9 Million.CA makes up approximately 3.73% of Cognios Capital’s portfolio.

Other Hedge Funds, Including , Signaturefd reduced its stake in CA by selling 82 shares or 10.66% in the most recent quarter. The Hedge Fund company now holds 687 shares of CA which is valued at $21,661.Teacher Retirement System Of Texas boosted its stake in CA in the latest quarter, The investment management firm added 4,175 additional shares and now holds a total of 352,570 shares of CA which is valued at $11.1 Million. CA makes up approx 0.08% of Teacher Retirement System Of Texas’s portfolio.Mutual Of America Capital Management reduced its stake in CA by selling 1,645 shares or 2.89% in the most recent quarter. The Hedge Fund company now holds 55,238 shares of CA which is valued at $1.7 Million. CA makes up approx 0.04% of Mutual Of America Capital Management’s portfolio.First Trust Advisors Lp reduced its stake in CA by selling 329,287 shares or 15.29% in the most recent quarter. The Hedge Fund company now holds 1,824,682 shares of CA which is valued at $57.5 Million. CA makes up approx 0.19% of First Trust Advisors Lp’s portfolio. Northpointe Capital added CA to its portfolio by purchasing 2,950 company shares during the most recent quarter which is valued at $87,497. CA makes up approx 0.01% of Northpointe Capital’s portfolio.

CA opened for trading at $31.24 and hit $31.555 on the upside on Friday, eventually ending the session at $31.31, with a gain of 0.38% or 0.12 points. The heightened volatility saw the trading volume jump to 27,80,280 shares. Company has a market cap of $13,049,163 M.

On the company’s financial health, CA reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 11, 2016. Analyst had a consensus of $0.58. The company had revenue of $1009.00 million for the quarter, compared to analysts expectations of $989.55 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.

Investors should note that on May 4, 2016, CA announced a cash dividend of $0.2550. The company’s management has announced May 24, 2016 as the ex-dividend date and fixed the record date on May 26, 2016. The payable date has been fixed on Jun 14, 2016.

Many Wall Street Analysts have commented on CA. Company shares were Upgraded by Credit Suisse on Apr 21, 2016 to ” Neutral”, Firm has raised the Price Target to $ 33 from a previous price target of $22.50 .Company shares were Reiterated by Mizuho on Apr 11, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $29 .CA was Downgraded by Standpoint Research to ” Hold” on Mar 9, 2016.

CA Inc. (CA Technologies) is engaged in providing information technology (IT) management software and solutions. The Company operates through three business segments: Mainframe Solutions Enterprise Solutions and Services. The Mainframe Solutions segment products allow customers and partners transform mainframe management. The Enterprise Solutions segment consists of products including DevOps which allows customers to unite application development and IT operations; Management Cloud which includes the Company’s IT Business Management (ITBM) solutions API Management solutions and Enterprise Mobility Management solutions and Security which consists of identity and access management. The Services segment consists of product implementation consulting customer education and customer training.

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